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<a href="http://www.accessmylibrary.com/coms2/summary_0286-23674805_ITM" title="Facts and information about Residents' investments in RP debt papers down in Q1.">Residents' investments in RP debt papers down in Q1.</a>
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Residents' investments in RP debt papers down in Q1.
(From Philippine Daily Inquirer)
INVESTMENTS of residents, including banks and government institutions, in Philippine debt papers stood at $5.926 billion in the first quarter of the year, slightly down from $5.972 billion in end-2002.
Local investors' placements in Republic of the Philippines or ROP bonds were substantially higher than the $5 billion in end-March 2002, data from the Bangko Sentral ng Pilipinas showed.
Market sources said the slight drop in local holdings of ROP was partly due to a decline in Philippine sovereign bond float this year compared to year-ago level.
In the first quarter, the government sold only $1 ...
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